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The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 7.8 hours Standard variable overhead rate $14.20 per hour The following data pertain to operations for the last month: 2,825 hours $40,835 Actual hours Actual total variable manufacturing overhead cost Actual output 250 units What is the variable overhead efficiency variance for the month? Multiple Choice $13,145 U $12,425 U $720 U $27,690 F

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 7.8 hours Standard variable overhead rate $14.20 per hour The following data pertain to operations for the last month: 2,825 hours $40,835 Actual hours Actual total variable manufacturing overhead cost Actual output 250 units What is the variable overhead efficiency variance for the month? Multiple Choice $13,145 U $12,425 U $720 U $27,690 F

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate 7.8 hours $14.20 per hour The following data pertain to operations for the last month: 2,825 hours $40,835 Actual hours Actual total variable manufacturing overhead cost Actual output 250 units What is the variable overhead efficiency variance for the month? Multiple Choice $13,145 U O $12,425 U $720 U $27,690 F
Transcribed Image Text:The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate 7.8 hours $14.20 per hour The following data pertain to operations for the last month: 2,825 hours $40,835 Actual hours Actual total variable manufacturing overhead cost Actual output 250 units What is the variable overhead efficiency variance for the month? Multiple Choice $13,145 U O $12,425 U $720 U $27,690 F
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